Question

An economist wants to predict the Gini of the US by Year. Select the answer choice that correctly interprets R-Squared. Group of answer choices 0.451751 is the proportion of variability of Gini Coefficient unexplained by our least squares line. 0.451751 is the proportion of variability of Years explained by our least squares line. 0.451751 is the proportion of variability of Gini Coefficient explained by our least squares lines 0.451751 is the proportion of variability of Years unexplained by our least squares line.

Answer 1

0.451751 is the proportion of variability of Gini Coefficient explained by our least squares lines

Explanation:

Given

`R\ squared = 0.451751`

To predict: Gini by year

Required

Interpret the R squared

In statistics, r squared measures the extent to which the variance of one variable explains the variance of the other variable.

In this question, the variable to predict is Gini:

From the list of options, (c) is correct